1. Seanergy Maritime announced Approval of Listing on the Nasdaq Capital Market and Ex-Distribution for Spin-Off of United Maritime Corporation and additional share buybacks and Open-Market Stock Purchase plan by the CEO
Seanergy Maritime Holdings announced that the application of United Maritime Corporation to list its common shares on the Nasdaq Capital Market has been approved. In addition, the registration statement on Form 20-F filed by United in connection with its spin-off from Seanergy has been declared effective by the U.S. Securities and Exchange Commission.
Through United, Seanergy intends to effect a spin-off of the Company’s oldest Capesize vessel, the M/V Gloriuship. United is expected to adopt a diversified business model, with investments across various maritime sectors. https://cyprusshippingnews.com/2022/06/28/seanergy-maritime-announced-approval-of-listing-on-the-nasdaq-capital-market-and-ex-distribution-for-spin-off-of-united-maritime-corporation-and-additional-share-buybacks-and-open-market-stock-purchas/
2. Chlorine gas leak kills 12, injures 251 more after storage tank falls onto a ship at a Jordan port
The leak came after a tank filled with 25 tonnes of chlorine gas being exported to Djibouti fell while being transported, officials said.
A video posted on state television’s Twitter page showed a storage tank falling from a winch and slamming into the deck of a ship, followed by yellow gas rising into the air as people ran away. https://cyprusshippingnews.com/2022/06/28/chlorine-gas-leak-kills-12-injures-251-more-after-storage-tank-falls-onto-a-ship-at-a-jordan-port/
3. Sing Fuels announces asset acquisition of Prime’s Bunkersplus Services in Greece to support European expansion
Headquartered in Singapore, Sing Fuels currently has operations in Singapore, South Africa, the United Arab Emirates, the United Kingdom, and the United States. The partnership is the first in the company’s 10-year history, providing it with a foothold into one of the largest shipping markets in the world and strengthening Sing Fuels’ position for further expansion in Europe. https://cyprusshippingnews.com/2022/06/28/sing-fuels-announces-asset-acquisition-of-primes-bunkersplus-services-in-greece-to-support-european-expansion/
4. IAPH and IMO partner up further on communications
With the number of joint initiatives and projects being planned and executed between IAPH and IMO on energy transition, trade facilitation and port call optimisation, IAPH communications director Victor Shieh finally visited IMO’s headquarters in London this week to meet up in person for the first time with social media and communications officer Karine Langlois. Both have been working together during the pandemic on various projects. https://cyprusshippingnews.com/2022/06/28/iaph-and-imo-partner-up-further-on-communications/
5. Gunvor and Air Products join forces for Rotterdam port green hydrogen terminal
Swiss-based commodity trading giant Gunvor has signed a joint development agreement with US hydrogen producer Air Products to set up a green hydrogen import terminal in Rotterdam port by 2026. The Gunvor site in Europoort has been earmarked to receive green ammonia, produced from renewable energy sources, for large-scale green hydrogen production, which will be distributed to markets within Europe, including the Netherlands, Germany, and Belgium. https://splash247.com/gunvor-and-air-products-join-forces-for-rotterdam-port-green-hydrogen-terminal/
6. Study claims green shipping would add just eight cents to a pair of Nikes
Running ships entirely on green hydrogen-based fuels would add less than €0.10 ($0.10.5) to the price of a pair of trainers and up to €8 for a refrigerator, a new study on the cost of decarbonising European shipping shows. The analysis of shipments from Shenzhen in China to Europe was carried out by NGO Transport & Environment (T&E). https://splash247.com/study-claims-green-shipping-would-add-just-eight-cents-to-a-pair-of-nikes/
7. Product Tanker Stocks Hold Up Despite Stock Market Pain
Shipping companies specializing in product tankers – midsized ships that carry refined products like gasoline, diesel, avgas, and kerosene – are among the hottest stocks of 2022 with Scorpio Tankers ($STNG) up 165%, Ardmore Shipping ($ASC) up 105%, TORM ($TRMD) up 71%. Many other sectors including dry bulk, container lines, and gas carriers were also up big in 2022 but declined early this month on worries of a recession. https://gcaptain.com/scorpio-tankers-stock-pain/
8. Cyber Pirates Prowling Ship Controls Threaten Another Big Supply Chain Shock
In February 2019, a large container ship sailing for New York identified a cyber intrusion on board that startled the US Coast Guard. Though the malware attack never controlled the vessel’s movement, authorities concluded that weak defenses exposed critical functions to “significant vulnerabilities.” https://gcaptain.com/cyber-pirates-prowling-ship-controls-threaten-another-big-supply-chain-shock/
9. The latest status of BWMS installations
The latest ballast water treatment deadline of 1 June 2022 occurred just before the international shipping exhibition and party-fest that is Posidonia 2022 in Greece, and it was a good time to catch up with ballast water management systems (BWMS) providers and suppliers. The 1 June 2022 deadline concerned commission testing, but the big deadline is 8 September 2024, when all vessels over 400 gt, including OSVs, will be required to have IMO D-2 compliant BWMS to continue to trade. https://www.rivieramm.com/news-content-hub/the-latest-status-of-bwms-installations-71750
10. Russia exporting lighter and sweeter Urals oil as taps Asia demand -sources
Russia has been improving the quality of its flagship Urals crude oil export, making the heavily-discounted grade even more attractive to buyers in Asia who have been snapping it up, data obtained by two industry sources and seen by Reuters showed.
Russian oil exports have been strong despite Western sanctions as China and India ramped up purchases and U.S. officials have said Moscow was now earning more money than before the conflict in Ukraine because of higher oil and gas prices. https://www.shippingtribune.com/news/shipping/Russia+exporting+lighter+and+sweeter+Urals+oil+as+taps+Asia+demand+-sources